Proceeds of Crime (Money Laundering) and Terrorist Financing Act

Marginal note:General offences

74. Every person or entity that knowingly contravenes section 6, subsection 12(4) or 36(1), section 37, subsection 55(1) or (2), section 57 or subsection 62(2) or 64(3) or the regulations is guilty of an offence and liable

(a) on summary conviction, to a fine of not more than $50,000 or to imprisonment for a term of not more than six months, or to both; or

(b) on conviction on indictment, to a fine of not more than $500,000 or to imprisonment for a term of not more than five years, or to both.